TTC Land's third-quarter financial statements showed that the net revenue reached 123 billion VND, a 57% incre...
TTC Land's third-quarter financial statements showed that the net revenue reached 123 billion VND, a 57% increase compared to the same period. At the same time, both sales and operation expenses were lower compared to the same period, down 57% and 88%, respectively.
Carillon – one of the mid-range project product lines invested in and developed by TTC Land.
TTC is in a very good financial position with a net turnover of VND272 billion for the first 9 months. Within this, revenue from real estate leasing and services continues to be the main revenue source, showing steady growth from projects such as TTC Plaza Binh Thanh, Charmington La Pointe, TTC Plaza Duc Trong, and Belleza, with a gross profit of over VND60 billion. Pre-tax profit reached VND15.9 billion, accounting for 80% of the 2023 plan.
While many businesses are facing challenges in the frozen real estate market, TTC Land has seized the opportunity by focusing on another source of revenue, which concerns commercial leasing activities and operation management services.
TTC Plaza Duc Trong - the first modern commercial center on the Langbiang Plateau, located in Lien Nghia town, Duc Trong district, Lam Dong province.
In the upcoming potential project portfolio of TTC Land, TTC Plaza Da Nang stands out with a very large profit through rental activities. This reflects the change in TTC Land's business strategy and demonstrates a capacity for growth and profits through effective asset management. Maximizing revenue from rental and management services has become an important part of the company's development strategy.
Therefore, TTC Land has diversified its revenue and profit streams by strengthening leasing and operations management services. The upcoming TTC Plaza Danang is evidence of how the business ensures stability and sustainable development in both favorable and challenging market situations.